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Don't be too quick to regret, this drop had warning signs!🚨📉
Before going to bed a few days ago, $RAVE was still grinding sideways at a high level, looking like it wanted to try going up again, but the more I looked, the more I felt something was wrong. The rebound had no strength, and the selling pressure above was persistent.
This morning before opening the chart, I reviewed RAVE's rhythm and found that its several pullbacks didn't follow through 👀. There were no buyers on the way up, and volume didn't pick up. I treated this market condition with a bearish mindset and signaled to watch for shorting opportunities, with an entry reference around 0.4954.
Now the price has hit 0.4456, gain +246.50% 🎯🔥. The pattern played out, and I handled it quite decisively. Those who held back and didn't chase longs earlier should now feel the difference.
Chasing the tail leads to getting hurt.
Don't get into a fight with the market.
Here, I'm first closing 80% 💰✅, and the remaining 20% is cost-protected. If it continues to drop, let the profits run; if it bounces back, don't be reluctant to take action 🛑
If you missed it, don't chase ⚠️. Wait for the next clear signal, wait for a retest confirmation, wait for a more comfortable position to strike. There will be more opportunities 🔔
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